NxGold (CVE:NXN) Shares Down 16.7%

NxGold Ltd (CVE:NXN)’s share price fell 16.7% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05, 248,000 shares traded hands during mid-day trading. An increase of 140% from the average session volume of 103,272 shares. The stock had previously closed at C$0.06.

The company has a fifty day moving average price of C$0.06. The stock has a market cap of $5.71 million and a PE ratio of -1.54. The company has a current ratio of 16.24, a quick ratio of 16.24 and a debt-to-equity ratio of 1.04.

NxGold Company Profile (CVE:NXN)

NxGold Ltd. acquires, develops, explores for, and evaluates early stage mineral properties, primarily gold in Canada. It holds an 80% interest in the Mt. Roe gold project comprising two exploration blocks covering an area of approximately 1,200 hectares located in the Pilbara region in Western Australia; and a right to acquire 70% interest in the Kuulu property covering an area of 4,174 hectares located in the Kavilliq region of Nunavut, Canada.

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